As reported by Censor.NET referring to Ukrainski Novyny, this is stated in the bill No. 3677 registered in the parliament on Dec. 18.
As noted, the bill suggests amending article 4 of the law on the peculiarities of transactions with government, state-guaranteed, and local debt.
The current law is to stay in force until July 1, 2016.
The government proposes abolishing the expiry date.
The draft law is intended to ensure financial stability, debt sustainability of the country, and prevention of the negative impact of potential cases of default on external obligations of the state. Removing the deadline will extend the period of validity of the legal basis for searching further ways to restructure external obligations as well as to strike deals on amending borrowing conditions.
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